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PPP Loan Data — Larkin Street Services, San Francisco, CA

SBA PPP loan data, payroll data, and salaries for Larkin Street Services
CA Nonprofit Organization

Larkin Street Services

Entity: Non-profit Organization

Industry: Child and Youth Services

Location: San Francisco, CA

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Larkin Street Services is a non-profit organization located at 134 Golden Gate Avenue in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $2,643,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.64M

Jobs Retained:

363

Loan Approved:

2020-04-28

Lender:

COMERICA BANK

Larkin Street Services received a Paycheck Protection Loan of $2.64M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Larkin Street Services' total 2019 payroll expenses were approximately $12.69M in order to qualify for the PPP loan amount received.

Based on their reported 363 jobs retained, this equals an estimated average yearly compensation of $34,954 per employee1.

Because the loan received by Larkin Street Services is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Larkin Street Services in San Francisco, CA

Larkin Street Services
134 Golden Gate Avenue
San Francisco, CA 94102

Business Industry

Child and Youth Services (NAICS code 624110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 9 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 363) and received an average PPP loan of $695,801 (compared to this company's $2.64M).

Industry PPP Comparison Statistics

Nationwide, 6,712 businesses in the "Child and Youth Services" industry received a total of $1,286,022,505.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 24 employees, 93% lower than Larkin Street Services' reported 363 employees, and received an average PPP loan of $191,600, 93% lower than this company's loan of $2.64M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/larkin-street-services-san-francisco-ca